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2. Less: Cost of Goods Sold 600 60.0%
3. Gross Margin 400 40.0%

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6. Rent & Utilities 20 2.0%
7. Other Expenses 40 4.0%
8. Depreciation 28 2.8%
9. Total Operating Expenses 288 28.8%
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4. Accounts Receivable 500 1,000 500
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7. Total Assets 2,500 2,207 (293)
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10. Debt 1,000 1,000 0
11. Deferred Taxes 0 30 30
12. Total Liabilities 1,400 1,030 (370)
13. Equity 1,100 1,177 77
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